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I want no income tax. Earning money is nothing more then transferring your time into something other people want. Why tax the conversion?

I want all tax collected when you spend it. Things like food, and basic clothing can be tax free. All other things should have a tax that is high enough to collect enough money to run the country (30-40%). Also interest should be taxed.

The pure act of transferring your time into a commodity should not incur a penalty. Everything else is fair game :)